MUNICH, June 8 /PRNewswire/ --
- SuccessFactors Will Enable 420,000 Siemens Users across 80 Countries in 20 Languages to be Unified and Linked in One System to Executive Strategy, Driving the Next Paradigm of Superior Business Execution
SuccessFactors, Inc. (Nasdaq: SFSF), the global leader in on-demand performance and talent management solutions, today announced the signature of a new Software as a Service contract with Siemens AG. The electronics and electrical engineering giant, has purchased a global enterprise subscription of virtually all of SuccessFactors modules to link strategy to executed business results with its worldwide corporate talent management vision, for 420,000 users across 80 countries in 20 different languages.
The project is a strategic board level initiative for Siemens to develop and leverage the strengths of its employees, and foster excellent leadership as part of its FIT4 2010 strategic program.
Linking executive strategy and the vision of developing proven talent to execute breakthrough innovations that give Siemens customers a unique competitive edge, enable society to master their most vital challenges, and create sustainable value through responsibility, excellence and innovation.
Most modules in the SuccessFactors' Cloud platform, some of which include Goal Management, Performance Management, Career Development Planning, Compensation Management, Variable Pay, Succession Planning and Recruiting Management, will replace Siemens' existing multiple talent systems globally, and become the corporate standard strategic talent management platform of choice for all Siemens businesses worldwide to link executive strategy to executed business results.
Our board has a global vision which is a worldwide strategic focus for us today, said Mrs. Horstmann, Head of Corporate Human Resources, Strategy and Leadership Development of Siemens AG. SuccessFactors will be instrumental in helping us achieve these core objectives by closing the gap between strategy and execution. It will also enable us to globalize onto a single platform, clearly separate strategic execution and management from transactional HR. We conducted an in-depth market evaluation of 30 leading vendors and seven system providers Siemens already had over five months, with our end-users stress testing the software quality, global scalability, and innovation potential. SuccessFactors was the clear winner by a significant margin based on its usability, ease of integration and rich functionality. Mr. Kleinjohann, head of CIT, The Enterprise Cloud Computing business model is a strategic direction for us. It not only lowers IT costs, and creates faster end to end processes, but can also grow with our requirements both globally and locally.
Lars Dalgaard, CEO of SuccessFactors added, We are honored and delighted to be selected as the only provider who could assist Siemens, Europe's largest engineering conglomerate with over US$110 billion in revenue, in their global strategic aim for closing the gap between strategy and execution, and on an unprecedented scale for more than 400,000 employees. SuccessFactors aims to leverage the systems and knowledge that have helped almost 5 million users and 2,700 companies across the globe. As the world's largest known Enterprise Cloud Computing deployment, Siemens is leading the way in its vision for talent management and the implementation of its global values. The size, scope, scalability and multi-lingual nature of this deployment also underpins why SuccessFactors is now the global market leader in Enterprise Cloud Computing and for such an amazing company as Siemens to decide to eliminate so many systems and standardize on SuccessFactors in the Cloud is obviously a testimony to SuccessFactors delivering more large business clients over the web than anyone else.
Siemens AG is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. With a 160 year history of innovation and success, the company has around 420,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. In fiscal 2008, Siemens had revenue of euro 77.3 billion and income from continuing operations of euro 1.859 billion. http://www.siemens.com
About SuccessFactors, Inc.
SuccessFactors is one of the fastest growing public software companies and the leading provider of on-demand employee performance and talent management solutions. The company enables organizations of every size, and across every industry and geography, to achieve high-performing workforces through goal alignment and execution, talent development and planning, and pay-for-performance initiatives. From 92 customers and approximately 282,000 end users in 2003 to more than 2,700 customers and 4.7 million end users today, SuccessFactors' solutions are widely deployed across 60 industries in over 185 countries in 31 languages. Founded in 2001 with offices around the world, the company employs passionate people focused on revolutionizing the future of work. For more information, visit: http://www.successfactors.com.
Contacts: SuccessFactors Dominic Paschel, +1-415-262-4641 Director of Public Investor Relations firstname.lastname@example.org Vanessa Land, +44-(0)-870-242-7469 (U.K. Public Relations Agency for SuccessFactors) email@example.com on-demand performance and talent management solutions: http://www.successfactors.com/performance-management-software/ Goal Management: http://www.successfactors.com/goal-management/enterprise/ Performance Management: http://www.successfactors.com/topics/performance-management Career Development Planning: http://www.successfactors.com/topics/career-development-software Compensation Management: http://www.successfactors.com/compensation-planning/enterprise/ Variable Pay: http://www.successfactors.com/press-releases/detail/?id=1079838 Succession Planning: http://www.successfactors.com/succession-management/enterprise/ Recruiting Management: http://www.successfactors.com/topics/recruiting-management
Dominic Paschel, Director of Public Investor Relations of SuccessFactors, Inc., +1-415-262-4641, firstname.lastname@example.org; or Vanessa Land, +44-(0)-870-242-7469, email@example.com, for SuccessFactors, Inc.; Logo: http://www.newscom.com/cgi-bin/prnh/20090602/SF26086LOGO